Ankara Chamber of Industry Warns on Disinflation Process and Deindustrialization

Ankara Chamber of Industry President Seyit Ardıç stated that industrialists are paying the heaviest price in the fight against inflation, warning that the disinflation program must not be allowed to turn into deindustrialization.

Challenges Faced by Industrialists

Stating that giving up on the fight against inflation is not an option, officials underlined that the current disinflation program must not trigger the risk of deindustrialization.

During this challenging period, industrialists are calculating how to survive under current conditions rather than making new investment plans.

Statements at the Assembly Meeting

Speaking at the Ankara Chamber of Industry's August assembly meeting, the management discussed the consequences brought by the tight monetary policy and the disinflation process.

At the meeting, cost pressures faced by industrialists and the negative impacts of financing expenses on profitability were detailed.

Decline in Capital Goods Production

Among the reflections of the tight monetary policy, the decline in capital goods production stands out as one of the fundamental elements.

High financing costs and heavy economic burdens directly threaten the operational sustainability of producers.